A resolution to express the sense of the House of Representatives that the Federal Government shall take no action to preempt any state law limiting due-on-sale clauses, or any other similar provision.

referredUnited States· United States Congress· EN

Introduced

16 March 1982

Last action

—

Status

Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.

Summary

Expresses the sense of the House of Representatives that: (1) the President should reject the preliminary recommendation of the Commission on Housing for a Federal preemption of State law permitting mortgage assumptions; and (2) neither the President nor Federal agency or department shall take any action to limit the rights of States or the courts to prohibit or impose limits on the use of due-on-sale clauses.

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Documents

1 official file

Introduced in House
summary · EN · 16 March 1982
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/97th-congress/house-resolution/393
Open data entity: https://api.congress.gov/v3/bill/97/hres/393